Pakistan has taken a big step to boost its economy by signing a new agreement with Saudi Arabia and local partners. On Saturday, June 6, 2026, an MoU was signed to develop a modern maritime business district on 140 acres of prime land at Karachi Port Trust (KPT).
The project is located along MT Khan Road on Karachi’s waterfront. The partners include Karachi Port Trust (KPT), Saudi Business Council–NAJD Gateway Holding Company, Arif Habib Dolmen REIT Management Limited (AHDRML), and the Pakistan Corporate Consortium.
Federal Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry said the development will turn the area into a major commercial and logistics hub. It will feature advanced infrastructure, attract large investments, create thousands of jobs, and support urban growth in Karachi.
This initiative is part of stronger economic ties between Pakistan and Saudi Arabia in ports, logistics, and infrastructure. Officials believe it will strengthen Pakistan’s position as a regional maritime and trade centre. The project could become one of the largest waterfront commercial developments in the region.
All legal and regulatory approvals will be followed before work begins. The move shows growing confidence of foreign investors in Pakistan’s port sector and promises better trade facilities and economic progress for the country.
